Dogecoin And SHIB Battle Solana-based Coin That Surged 800% In Two Weeks

Key Points:

• BONK fell 56%, from a seven-day high of $0.000002 on January 8th to a low of $0.00000088.
• DOGE increased by more than 16% in less than a week, rising from a seven-day low of $0.077 on January 10th to a high of $0.092 on January 14th.
• Shiba Inu rose from a weekly low of $0.0000083 to a high of $0.000011 on January 14th.

Over the past week, Dogecoin (DOGE) and Shiba Inu (SHIB) have skyrocketed with Bitcoin and the broader market, leaving the new much-hyped dog-themed cryptocurrency Bonk (BONK) in the rearview mirror.

The two largest meme coins in market capitalization attempt to outpace a new Solana-based challenger.

Bonk has had a spectacular ride since its inception late last month, rising nearly 800% since then. However, when Bitcoin and the larger market began to recover, BONK fell 56%, from a seven-day high of $0.000002 on January 8th to a low of $0.00000088 on January 13th. Given that Bonk witnessed a dramatic increase on January 15, trading at $0.0000013.

DOGE increased by more than 16% in less than a week, rising from a seven-day low of $0.077 on January 10th to a high of $0.092 on January 14th. DOGE has given up some of its gains and is currently trading at $0.086.

Despite last week’s rebound, DOGE is still down more than 88% from its all-time high of $0.73 in May of 2021.

Meanwhile, Shiba Inu rose from a weekly low of $0.0000083 on January 8th to a high of $0.000011 on January 14th, a gain of more than 32% in less than seven days.

Shiba Inu has subsequently corrected and is currently trading at $0.0000102. While the Dogecoin competitor has risen in recent days, it is still 88% behind its all-time high of $0.000086, set in October 2021.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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